Showing 211 - 220 of 215,591
Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused … the past and in the presence. This paper attributes inflation decisively to the overwhelming money creation by the …
Persistent link: https://www.econbiz.de/10013553631
particular, on the impact of the current “inflation crisis” on financial stability vulnerabilities. Furthermore, it addresses two …
Persistent link: https://www.econbiz.de/10014258303
Persistent link: https://www.econbiz.de/10012418214
long run Phillips curve recorded -0.75 in Sweden and -0.23 in the United States. While the average inflation rate in the … United States was very close to its targeted level, the average inflation rate in Sweden was 0.6 per- centage points below … its targeted level over the sample period. The deviation of inflation rate from its targeted level in Sweden resulted in …
Persistent link: https://www.econbiz.de/10013179358
estimations, that the ECB has been either more averse to inflation above 2% ceiling or that the de facto inflation aim has been … considerably below 2%. Our results suggest further that an inflation aim of 2% combined with asymmetry is a plausible specification …
Persistent link: https://www.econbiz.de/10012239727
by the announcement of inflation targeting in 1991 when estimating the effects of monetary policy. For instance, we find …
Persistent link: https://www.econbiz.de/10011777945
How should monetary policy respond to excessive capital inflows that appreciate the currency and widen the external deficit? Using the workhorse two-country open-macro model, we derive a quadratic approximation of the utility-based global loss function in incomplete market economies, and solve...
Persistent link: https://www.econbiz.de/10014362654
Persistent link: https://www.econbiz.de/10010243185
Does the South African rand's relatively large volatility affect inflation? To shed some light on this question, a … standard estimation technique of exchange rate pass-through to inflation is extended to incorporate exchange rate volatility …. Estimated results suggest that higher exchange rate volatility tends to increase core inflation but to a relatively limited …
Persistent link: https://www.econbiz.de/10012843500
inflation target is subject to unobserved changes. It characterizes the effect of disclosure of forecasts on inflation and … the slope of the Phillips curve, the central bank's preference weight on inflation relative to output and the ratio of the … variability of the inflation target relative to the cost-push disturbance. The paper briefly discusses how disclosure of forecasts …
Persistent link: https://www.econbiz.de/10010332955